Accuity has acquired 100% of London-based CB.Net, a reference data provider for the global banking community. The acquisition, which is effective immediately, brings together two of the world’s largest payment data providers.
The acquisition will bolster Accuity’s existing customer base of over 15,000 clients in 150 countries and the company says that this will create the largest payment data provider worldwide.
“Merging CB.Net’s strength in the European market, particularly its strategic partnerships with the European Payments Council (EPC) and the Euro Banking Association (EBA), with Accuity’s well-respected history and unrivaled product portfolio will deliver immediate value to both firms’ current and prospective customers,” said Hugh M. Jones, president of Accuity.
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